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    Property profile & analytics

    1979 Marcus Ave North New Hyde Park, NY 11042

    • Office buildings
    • 49,750 SF
    • 8.64 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimation
    $16,950,000
    Location Intelligence
    Property ID
    US63-6086266
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brian T Wright Law Office PC / Immigration & Naturalization Service / Immigration Attorney
    • Eli Lilly & Co / Pharmaceutical Company
    • Bruce Clay Inc / Internet Marketing Service
    • Robert Aronov & Associates, PC / Real Estate Attorney
    • The Law Offices of Steven Bracco / Attorney

    Property Details for 1979 Marcus Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    8.64 lot acres
    Property size
    49,750 SF
    Property type
    Office buildings
    APN
    08-B18-00-0334
    APU
    08B18000334

    Description

    This exceptional executive office building, located at 1979 Marcus Avenue in Lake Success, NY, offers a total of 79,799 square feet of premium office space. Currently, the entire building is available for lease, providing a unique opportunity for a single tenant to occupy this impressive property. The flexible floor plan allows for various configurations, accommodating businesses requiring anywhere from 1,703 square feet to a maximum contiguous space of 27,659 square feet. Tenants can benefit from the building's multiple tenancy setup, offering a dynamic and collaborative environment. Situated in Nassau County, with a convenient address in North New Hyde Park (zip code 11042), this location provides easy access to major transportation routes and amenities. The property is ideal for businesses seeking a prestigious address and ample space to accommodate their growth. The building's size and layout offer significant potential for customization and adaptation to suit a wide range of business needs. This is a rare opportunity to secure a substantial and well-located office space in a thriving area of New York. Inquire today to learn more about leasing this exceptional property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.6933
    Latitude
    40.7549
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,091,612
    $94,057
    $423,692
    $517,749
    -
    $0.00
    $0.00
    $51,774,900

    Comparable in this City

    • Value Estimation
      $825,000
      47,222 SF

      3400 New Hyde Park Rd

      OFFICE BUILDING • 47,222 SF
      3400 New Hyde Park Rd, New Hyde Park, NY 11042-1226
      View Details
    • Value Estimation by Request
      2,400 SF

      420 Lakeville Rd

      OFFICE BUILDING • 2,400 SF
      420 Lakeville Rd, New Hyde Park, NY 11042-1121
      View Details
    • Value Estimation by Request
      29,366 SF

      1985 Marcus Ave

      OFFICE BUILDING • 29,366 SF
      1985 Marcus Ave, New Hyde Park, NY 11042-2008
      View Details
    • Value Estimation
      $520,000
      12,077 SF

      3000 Marcus Ave

      OFFICE BUILDING • 12,077 SF
      3000 Marcus Ave, New Hyde Park, NY 11042-1096
      View Details
    • Value Estimation by Request
      286,113 SF

      2001 Marcus Ave

      OFFICE BUILDING • 286,113 SF
      2001 Marcus Ave, New Hyde Park, NY 11042-2061
      View Details
    • Value Estimation by Request
      20,350 SF

      3003 New Hyde Park Rd

      PROFESSIONAL BUILDING (MULTI-STORY) • 20,350 SF
      3003 New Hyde Park Rd, New Hyde Park, NY 11042-1206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
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      64,000 SF property with covered parking available for rent.
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      160,000 SF

      Office Building Near Major Parkways

      Office building in park-like setting near LIE and Northern State.
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      New Hyde Park Office Space

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      212,000 SF

      Lake Success Executive Office Space

      Prime Long Island Office Suites Available
      2001 Marcus Ave, New Hyde Park, NY 11042
      View Details
    • $22 SF/Yr
      21,710 SF

      Lake Success Office Suites

      Prestigious Long Island Office Space, Flexible Options
      1979 Marcus Ave, North New Hyde Park, NY 11042
      View Details
    • Contact for pricing
      20,000 SF

      Office Space Available For Rent

      Office space available for rent in North New Hyde Park.
      1991 Marcus Ave, North New Hyde Park, NY 11042
      View Details
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    1979 Marcus Ave
    North New Hyde Park, NY 11042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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